In a world where electric cars are far from the norm, it seems odd to us laypeople that you can't buy a share of Tesla stock (ticker symbol TSLA) for less than $230. But a research note issued Monday from Goldman Sach's respected team of auto industry analysts (seen in PDF form in our gallery) has added fuel to the irrational exuberance fire, guaranteeing that Tesla's stocks should hover at these seemingly unreasonable prices for some time.
It seems not that long ago that the air had been let out of Tesla Motors high-flying stock price. The company didn't adequately thrill the market when it disclosed its third-quarter 2013 financial results last November and TSLA price plummeted quickly enough to trigger a temporary halt to short sales. Immediately after that, the infamous Tenessee CarBQ happened, adding to the loss of altitude. Shares that had been, at one point, worth as much as $193.37 spent the last half of November 2013 bumbl
Despite beating most analysts estimates in yesterday's upbeat third quarter financial disclosure, Tesla Motors' (TSLA) share price has taken a significant tumble. Down about 10 percent overnight, the company continued to be devalued as the day wore on, at one point hitting a low of $146.84.
Throughout the morning and into the early afternoon hours, shares of Tesla Motors (TSLA) skyrocketed after Morgan Stanley analyst Adam Jones upgraded the automaker's rating from "equal weight" to "overweight." Jones, in what almost seems like an April Fool's Day-ish sort of prank, set a price target of $70 per share and declared that Tesla is "America's Fourth Automaker."
Himanshu Patel and Vivek Aalok are two people that you've likely never heard of, but you'll certainly become familiar with a report that they recently wrote for J.P. Morgan and here's why: Patel and Aalok wrote up a 38-page research study of Tesla Motors to determine the company's likelihood of success in the coming years. The report, written for current Tesla shareholders, concludes that Tesla Motors' stock prices may jump up by as much as 30 percent, therefore reaching $25, by the end 2011. Th